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28 February 2024 | 43 replies
With what we have, we could pay cash for those properties, so that we can avoid the high interest rate nowadays.
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28 February 2024 | 7 replies
At least I will build equity and have some tax advantages, or even pay a lower price as a result of the high interest rates.
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29 February 2024 | 10 replies
There's pro's and cons.Pro's:Not reported on credit (doesn't damage DTI and can do unlimited loans)Low doc (no taxes, DTI, employment)Close in an entityCon's:Loans are higher rates, but not as high as some have said in this thread.
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28 February 2024 | 2 replies
Using a bank is the cheapest option and highly recommended.
29 February 2024 | 11 replies
Negotiate, negotiate, negotiate... yes i was taking the sellers position and safety.. however its something to keep in mind if they balk a little one could offer this does not have to super high rate maybe just a tad over the wrapped rate. but one could show them the math on it and it might swing the deal plus when they learn that its a safer way to do these it could also put the buyer in good standing with the seller ??
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28 February 2024 | 3 replies
Newer homes are not always the "safest" - you'd be surprised at some of the high cost repairs that even new homes run into.I don't have an age limit on homes I would operate - many of mine were built in the 1950s and are great structures!
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28 February 2024 | 19 replies
I would highly suggest buying an existing community, it is almost always easier and more profitable unless you know what you're doing.
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29 February 2024 | 13 replies
The scarcity of these properties stems from high demand, limited supply, and fierce competition, especially from experienced investors grabbing good deals swiftly.
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28 February 2024 | 0 replies
(FC)-Bitcoin nears its all time highs.
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28 February 2024 | 12 replies
If you're just starting out I highly recommend buying a live-in flip.